Lundin Mining (TSE:LUN) Given New C$15.00 Price Target at CIBC

Lundin Mining (TSE:LUN) had its target price boosted by CIBC from C$12.00 to C$15.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a neutral rating on the mining company’s stock.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday. Pi Financial reaffirmed a buy rating on shares of Lundin Mining in a research note on Friday, March 1st. BMO Capital Markets raised shares of Lundin Mining from a market perform rating to an outperform rating and upped their price objective for the company from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. Raymond James upped their price objective on shares of Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. Finally, National Bankshares lowered their price objective on shares of Lundin Mining from C$13.00 to C$12.50 and set an outperform rating for the company in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining has a consensus rating of Hold and a consensus price target of C$14.48.

Lundin Mining Stock Up 2.7 %

LUN opened at C$15.64 on Wednesday. The company has a fifty day moving average price of C$12.71 and a 200-day moving average price of C$10.86. The firm has a market capitalization of C$12.12 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. Lundin Mining has a one year low of C$8.18 and a one year high of C$16.51.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. Equities research analysts expect that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s payout ratio is currently 85.71%.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is owned by insiders.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.